Hengtuo Open Source (920415) held a performance briefing to disclose the progress of its low-altitude business and the application of AI technology

Hengtuo Open Source Information Technology Co., Ltd. held a performance briefing for the 2025 annual report on May 18 through the "Investor Relations Interactive Platform" of Panorama Network. The company's chairman, Mou Yi, general manager, Liu Deyong, and board secretary and financial officer, Ms. Liu Jin, attended the briefing to respond to investor concerns regarding the civil aviation main business, AI technology applications, low-altitude economy layout, and executive share reductions. Regarding the civil aviation main business, the company stated, "The civil aviation main business has always been the core foundation of the company, and it will maintain a steady development trend in the future. The explosion of AI is driving a new round of technological upgrades, combined with domestic production and the Civil Aviation Administration's 'AI + Civil Aviation' policy requirements, which will accelerate the upgrade and transformation of the civil aviation industry, bringing more opportunities to vertical suppliers in the industry." Currently, "the company's AI technology has been fully implemented in airline operation control, crew, marketing, and other businesses, among which some intelligent agents have achieved multi-client trials with positive feedback, and all technical indicators and business adaptability have met expected goals." The company is actively promoting the signing of business contracts with relevant clients. In response to investor concerns about executive share reductions and equity incentives, the company explained, "Executive share reductions are personal financial arrangements, and the related operations strictly comply with legal regulations, including pre-disclosure and transaction compliance procedures, and are unrelated to the company's operating conditions or long-term development strategy; the company implements an employee stock ownership plan to establish a long-term incentive mechanism, binding the core team with the company's long-term interests and stimulating operational vitality." Currently, the company's operating conditions are stable, and all businesses are progressing in an orderly manner as planned. In terms of low-altitude economy business, the company has established a wholly-owned subsidiary, "mainly undertaking the low-altitude digital service demand generated by the low-altitude industry agglomeration in the Pearl River Delta region and the policy dividends of new infrastructure." Focusing on core technologies such as navigation and guidance sensing products, digital twins, and large AI models, it aims to create multi-dimensional low-altitude intelligent products and solutions. "At this stage, related products such as aircraft satellite navigation monitoring equipment and intelligent control equipment for low-altitude take-off and landing sites have achieved market landing, with corresponding contract amounts of approximately 6.37 million yuan." The company's bidding projects are progressing smoothly, and payments are being made in an orderly manner as per the contract, with no payment risks currently encountered. "In 2026, the company will shift the focus of its low-altitude business from product development to market sales, striving to accelerate business transformation and promote profitability in the low-altitude sector based on technological accumulation in civil aviation and independent innovation results in the low-altitude field." Regarding the commercial aerospace sector, the company clearly stated, "Currently, it has not yet involved itself in traditional commercial aerospace-related businesses." In the medical health sector, the company has provided customized software development and operational support services to multiple enterprises in the medical health industry. The performance targets for the company's 2026 employee stock ownership plan mainly rely on the synergy support of core businesses such as civil aviation IT, low-altitude economy business, and AI large model empowerment. The company has always placed a high emphasis on reasonable investment returns for all shareholders and has long adhered to a prudent and sustainable cash dividend policy. This employee stock ownership plan "strictly follows compliance and fairness principles, and the plan design fully considers the interests of small and medium shareholders." According to Changbi Finance, the company is one of the core software suppliers ensuring the safe operation of China's civil aviation industry and is also a reliable alternative to foreign software vendors such as Sabre and Jeppesen in the field of safe operation of civil aviation information in China. With over 20 years of industry experience and a professional technical team, it has created a complete product line for airlines and airport operations Technical and solution services cover business areas such as operational control, flight safety, marketing, aircraft maintenance, and aviation fuel, which are related to safety, passenger service, and production efficiency in core IT systems for civil aviation. The company provides tailored personalized product services for large, medium, and small airlines, greatly promoting the digital transformation of airlines in the context of big data and cloud computing. Relying on years of accumulation in the software industry, the company has now expanded its business scope to fields such as healthcare